Jackson Financial Incorporation (JXN) AI Stock Analysis

• Market Cap: $6.60B
• Dividend Yield: 3.36%
• Average Volume (3M): 513.67K
• Price to Earnings (P/E): 13.4
• Beta (1Y): 1.47
• Revenue Growth: 24.94%
• EPS Growth: N/A
• Country: US
• Employees: 3,060
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Life
• EPS (TTM): 6.16
• Shares Outstanding: 67,969,864
• 10 Day Avg. Volume: 529,830
• 30 Day Avg. Volume: 513,666
• PEG Ratio: 0.87
• Price to Book (P/B): 0.66
• Price to Sales (P/S): 2.10
• P/FCF Ratio: 1.12
• Enterprise Value/Market Cap: 1.51
• Enterprise Value/Revenue: 2.08
• Enterprise Value/Gross Profit: 1.97
• Enterprise Value/Ebitda: 9.96
• 1Y Price Target: $113.50
• Price Target Upside: 16.88% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 4
• EPS Forecast (FY): 21.72
• Revenue Forecast (FY): $7.31B

• Rating: 69 Neutral
• Price Target: $103.00 ▲(6.07% Upside)

Jackson Financial's overall stock score is driven by a strong earnings call performance and reasonable valuation, offset by mixed financial performance and bearish technical indicators. The company's robust capital generation and attractive dividend yield are significant strengths, while challenges in revenue growth and cash flow management present risks.

Positive Factors

Strong Capital Generation

Jackson Financial's ability to generate significant free capital and maintain strong cash flow indicates robust financial health and supports strategic investments and shareholder returns.

Innovative Product Portfolio

The company's innovative annuity products, such as RILA, enhance its competitive position and drive sales growth, contributing to long-term market leadership in retirement solutions.

Reduced Leverage

A lower debt-to-equity ratio reflects reduced leverage, enhancing financial stability and providing greater flexibility for future growth and investment opportunities.

Negative Factors

Declining Revenue Growth

The decline in revenue growth suggests challenges in maintaining sales momentum, which could impact long-term profitability and market competitiveness if not addressed.

Cash Flow Concerns

A sharp decline in free cash flow growth raises concerns about liquidity and the company's ability to fund operations and investments without relying on external financing.

Declining Profit Margins

The decrease in net profit margin indicates pressure on profitability, which may affect the company's ability to sustain earnings growth and shareholder returns over time.

Jackson Financial Incorporation Business Overview & Revenue Model

Company Description

Jackson Financial Inc., through its subsidiaries, primarily provides a suite of annuities to retail investors in the United States. The company operates through three segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks. The Retail Annuities segment offers various retirement income and savings products, including variable, fixed index, fixed, and immediate payout annuities, as well as registered index-linked annuities and lifetime income solutions. The Institutional Products segment provides traditional guaranteed investment contracts; funding agreements comprising agreements issued in conjunction with its participation in the U.S. federal home loan bank program; and medium-term funding agreement-backed notes. The Closed Life and Annuity Blocks segment offers various protection products, such as whole life, universal life, variable universal life, and term life insurance products, as well as fixed, fixed index, and payout annuities. This segment also provides a block of group payout annuities. The company also offers investment management services. It sells its products through a distribution network that includes independent broker-dealers, banks and other financial institutions, wirehouses and regional broker-dealers, and independent registered investment advisors, third-party platforms, and insurance agents. Jackson Financial Inc. was formerly known as Brooke (Holdco1) Inc. and changed its name to Jackson Financial Inc. in July 2020. The company was incorporated in 2006 and is headquartered in Lansing, Michigan.

How the Company Makes Money

Jackson Financial generates revenue primarily through the sale of its annuity and life insurance products. The company earns income from premiums paid by policyholders and from fees associated with the management of those policies. Additionally, Jackson Financial benefits from investment income generated by the assets held in its insurance portfolios. The company may also engage in reinsurance arrangements, allowing it to manage risk and optimize capital use. Strategic partnerships with financial advisors and broker-dealers enhance its distribution capabilities, enabling broader access to its products and contributing to its overall earnings.

Jackson Financial Incorporation Financial Statement Overview

Summary

Jackson Financial Incorporation demonstrates a mixed financial performance. Strong gross profit margins and a stable balance sheet with reduced leverage are positive, but challenges in revenue growth and cash flow generation, along with declining net profit margin and return on equity, indicate pressure on profitability.

Income Statement

Jackson Financial Incorporation's income statement shows mixed performance. The TTM data reveals a gross profit margin of 91.06%, indicating strong profitability. However, the net profit margin has decreased to 11.71% from 30.60% in the previous year, reflecting a decline in net income relative to revenue. Revenue growth has been negative, with a significant drop of 13.48% in the TTM period, suggesting challenges in maintaining sales momentum. EBIT and EBITDA margins have also decreased, indicating pressure on operational efficiency.

Balance Sheet

The balance sheet of Jackson Financial Incorporation is relatively stable. The debt-to-equity ratio has improved to 0.20 in the TTM period, down from 0.45 in the previous year, showing a reduction in leverage. Return on equity has decreased to 5.67% from 9.69%, indicating a decline in profitability relative to shareholder equity. The equity ratio remains strong, reflecting a solid capital structure with a significant portion of assets financed by equity.

Cash Flow

Cash flow analysis reveals some concerns. Free cash flow growth has significantly declined by 73.04% in the TTM period, indicating potential liquidity challenges. The operating cash flow to net income ratio is low at 0.10, suggesting that cash generation from operations is not keeping pace with net income. However, the free cash flow to net income ratio remains stable at 1.0, indicating that free cash flow is still covering net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.77B	3.09B	3.17B	9.72B	5.50B	4.64B
Gross Profit	5.06B	3.09B	2.47B	8.91B	4.99B	-1.20B
EBITDA	999.00M	1.02B	1.07B	7.83B	4.39B	-2.39B
Net Income	576.00M	946.00M	934.00M	6.19B	3.42B	-1.63B
Balance Sheet
Total Assets	353.56B	338.45B	330.25B	314.98B	375.56B	353.46B
Cash, Cash Equivalents and Short-Term Investments	50.65B	44.06B	43.11B	46.79B	54.17B	61.09B
Total Debt	4.65B	4.38B	4.03B	4.37B	4.05B	322.00M
Total Liabilities	343.06B	328.47B	319.92B	305.61B	364.49B	343.53B
Stockholders Equity	10.23B	9.76B	10.17B	8.65B	10.39B	9.43B
Cash Flow
Free Cash Flow	5.66B	5.79B	5.31B	5.21B	5.68B	3.71B
Operating Cash Flow	5.66B	5.79B	5.31B	5.21B	5.68B	3.71B
Investing Cash Flow	-8.58B	-7.09B	-592.00M	-1.37B	-1.30B	-4.33B
Financing Cash Flow	4.42B	2.37B	-6.33B	-2.16B	-3.77B	705.00M

Jackson Financial Incorporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 97.11
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JXN, the sentiment is Positive. The current price of 97.11 is above the 20-day moving average (MA) of 94.91, below the 50-day MA of 97.76, and above the 200-day MA of 88.14, indicating a neutral trend. The MACD of -0.96 indicates Negative momentum. The RSI at 54.95 is Neutral, neither overbought nor oversold. The STOCH value of 73.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JXN.

Jackson Financial Incorporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PRI	76 Outperform	$8.30B	11.94	33.91%	1.60%	5.63%	67.39%
FG	74 Outperform	$4.35B	9.65	10.12%	2.78%	-4.58%	―
CNO	72 Outperform	$3.93B	14.42	11.12%	1.60%	-1.61%	15.79%
LNC	70 Outperform	$7.79B	3.68	21.66%	4.39%	35.76%	636.97%
JXN	69 Neutral	$6.60B	13.43	5.50%	3.36%	24.94%	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
GNW	60 Neutral	$3.50B	19.28	2.86%	―	1.41%	150.35%

Jackson Financial Incorporation Corporate Events

Jackson Financial Inc. Reports Improved Q3 Earnings

Jackson Financial Inc. is a financial services company based in Delaware, primarily engaged in providing annuity and life insurance products across the United States. The company operates through its subsidiaries, including Jackson National Life Insurance Company, focusing on helping Americans secure their financial futures through a range of insurance and investment products.

Jackson Financial’s Earnings Call Highlights Strong Growth

Jackson Financial Inc. recently held its earnings call, revealing a strong financial performance marked by significant sales growth, capital generation, and shareholder returns. Despite facing challenges with variable annuity net outflows and hedging losses, the overall sentiment was positive, as the highlights significantly outweighed the lowlights.

Jackson Financial Reports Strong Q3 2025 Earnings

Jackson Financial Inc. reported its third-quarter 2025 financial results, highlighting key metrics such as $65 million in GAAP earnings and $433 million in non-GAAP earnings. The company achieved a 579% statutory capital position and a 22% increase in retail annuity sales compared to the second quarter of 2025. The firm returned $657 million of capital to common shareholders in the first nine months of 2025 and expects to exceed its full-year capital return target. The company’s financial performance was bolstered by higher spread income and increased fee income, although it faced higher market-related operating costs.

The most recent analyst rating on (JXN) stock is a Hold with a $110.00 price target. To see the full list of analyst forecasts on Jackson Financial Incorporation stock, see the JXN Stock Forecast page.

Jackson Financial Announces Leadership Changes Amid Transitions

On October 3, 2025, Craig D. Smith, President and CEO of PPM America, Inc., a subsidiary of Jackson Financial Inc., announced his retirement effective December 31, 2025. Christopher A. Raub, President of Jackson National Life Insurance Company, will serve as interim leader of PPM while maintaining his current responsibilities. Additionally, Marcia Wadsten, a former senior advisor and CFO of Jackson Financial, retired on September 26, 2025, with a retirement agreement that includes stock payments and other compensations. These leadership changes signal a transitional phase for Jackson Financial, potentially impacting its strategic direction and stakeholder relationships.

The most recent analyst rating on (JXN) stock is a Buy with a $125.00 price target. To see the full list of analyst forecasts on Jackson Financial Incorporation stock, see the JXN Stock Forecast page.

Jackson Financial Exec Departure Alters Compensation Structure

On August 14, 2025, Scott Romine separated from Jackson National Life Distributors LLC, a subsidiary of Jackson Financial Inc., under a Separation Agreement that includes a cash payment, a pro-rated bonus, and common shares as part of a long-term incentive plan. The agreement also contains restrictive covenants and additional compensation benefits, impacting the company’s executive compensation structure and potentially influencing its market positioning.

The most recent analyst rating on (JXN) stock is a Hold with a $97.00 price target. To see the full list of analyst forecasts on Jackson Financial Incorporation stock, see the JXN Stock Forecast page.